Gold Silver Rates Today Live Updates: Gold and silver prices on the Multi Commodity Exchange of India (MCX) showed their upward momentum, with 24-carat gold trading 0.22 per cent higher at Rs 1,53,390 per 10 grams and silver MCX trading at Rs 2,70,549 per kg, up by Rs 1,699, marking a gain of 0.63 per cent
Meanwhile, on Wednesday as well, Gold MCX and silver MCX prices continued their upward march, tracking firm cues from international bullion markets. Gold futures on MCX saw a strong start to the session, with April contracts opening nearly 3 per cent higher at Rs 1,58,420 per 10 grams compared with the previous close of Rs 1,53,809.
Buying momentum remained strong through the session, pushing prices to an intraday peak of Rs 1,60,755 per 10 grams, reflecting a sharp rise of over 4.5 per cent.
Meanwhile, Silver futures outpaced gold in percentage terms, registering a steep rise on MCX. March contracts opened higher by Rs 10,000, or around 3.7 per cent, at Rs 2,78,015 per kilogram versus the previous close of Rs 2,68,015. The white metal extended gains during intraday trade, climbing nearly 6 per cent to touch a high of Rs 2,84,094 per kg.
“We are entering a period in which the legitimacy and resilience of the institutions and systems that have underpinned global economic and geopolitical stability for decades are being tested in ways not seen in a generation,” said David Russell, CEO at precious metals dealer and broker GoldCore.
Gold Rate and Silver Price Summary:
Global institutions face their biggest stress test in a generation, raising fresh doubts over long-term economic and geopolitical stability, says GoldCore CEO David Russell
Gold is unpredictable – should you buy, sell, or hold? Analysts say key drivers are geopolitical risks, robust central bank buying, concerns over Fed independence, rising US debt, trade uncertainty and de-dollarisation trends.
Gold extends rally: MCX gold April futures opened 3% higher at ₹1,58,420 per 10 grams and hit an intraday high of ₹1,60,755, rising up to 4.51% from the previous close.
Silver surges sharply: MCX silver March futures jumped as much as 6% to an intraday high of ₹2,84,094 per kg after opening 3.73% higher at ₹2,78,015.
Current levels: MCX silver was last trading higher by ₹13,284, or 4.96%, at ₹2,81,299 per kg.
Global cues supportive: Gains in international bullion prices and a softer US dollar are driving strong buying interest in precious metals.
Market focus: Investors are closely tracking global uncertainty, US dollar movement and interest rate expectations for further direction in gold and silver prices.
Amid renewed tensions between the US and Iran, Gold and silver prices traded higher in the international markets.
Gold surged to just below the $5,600 per ounce mark on January 29, hitting fresh all-time highs.
Prices later slipped sharply, falling to around $4,403 per ounce amid heavy profit booking.
The decline followed US President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, which reduced near-term safe-haven demand.
Gold and Silver are currently witnessing sharp price swings, although silver is likely to hold support near $71 per troy ounce and gold around $4,440 per troy ounce on a weekly closing basis, as per the expert
International Bullion Markets Stay Firm
In global markets, gold and silver traded higher on Comex, with prices rebounding strongly after recent fluctuations. Spot gold rose 2.8 per cent to $5,076.01 per ounce, building on the previous session’s massive rally—the strongest single-day gain since late 2008. US gold futures for April delivery were also higher, trading above $5,090 per ounce.
Silver prices overseas followed a similar trend, with spot silver climbing 5 per cent to $89.38 per ounce. Despite recent sharp corrections, the broader trend remains volatile as traders react to geopolitical developments, currency movements, and shifting expectations around US monetary policy.
